The Commission on securities and exchange Commission (SEC) has no plans to classify Ethereum and bitcoin as securities. This was stated by the head of corporate Finance of the Commission William Hinman at the summit of All Market Summit: Crypto in San Francisco, according to Yahoo Finance.
According to the official, if Ethereum and bitcoin was recognized as securities, like the shares of companies that would require their registration with the SEC. However, noted Hinman, these assets are more characteristic of the characteristics of the product that, apparently, sends Ethereum to the jurisdiction of the Commission on urgent exchange trade of the USA (CFTC).
“If cryptocurrency network is fairly decentralized, and buyers are not relying on a third party to manage the coin is not a security”, — stressed Hinman.
If the investment proposal is named “coin” or “token”, it does not mean that we are not securities, the official added.
We will remind, earlier the head of SEC J. Clayton stated that bitcoin is not a security.